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The SEC's new proposal is intended to improve the reliability of financial reports by holding executives accountable for flawed accounting that happens under their watch. (Credit: SEC)

SEC Proposes Stiff New Exec Pay Clawback Measures

A divided U.S. Securities and Exchange Commission on Wednesday proposed stiff new requirements that would require publicly traded companies to claw back some bonuses and other incentive-based pay from executives in the event of an accounting restatement, regardless of whether they were at fault.

  • Greece Sends Creditors Mixed Messages As Debt Vote Nears

    Greece Prime Minister Alexis Tsipras sent the nation's creditors mixed messages Wednesday, urging citizens to reject a bailout package floated by European Union leaders hours after he said in a letter that the country would accept the basic framework of the deal.

  • BREAKING: DOJ Sues To Block $3.3B Electrolux-GE Unit Tie-Up

    The U.S. Department of Justice sued Wednesday to block AB Electrolux from going through with its $3.3 billion acquisition of General Electric Co.'s appliance business, saying the deal would eliminate competition by putting two of the top oven and cooktop manufacturers in the country under one roof.

  • BREAKING: NLRB Has Authority Over Mich. Tribal Casino, 6th Circ. Says

    The Sixth Circuit on Wednesday upheld a National Labor Relations Board decision faulting the Saginaw Chippewa Indian Tribe for suppressing union activities at its Michigan casino, saying reluctantly that the board has jurisdiction over the casino’s employment practices.

  • Sullivan Guides Insurer ACE In $28.3B Deal For Chubb

    Property and casualty insurer ACE Group announced Wednesday that it had inked a $28.3 billion cash and stock deal to pick up competitor The Chubb Corp.

  • Trump Sues Univision For $500M In Miss USA Contract Row

    Republican presidential candidate Donald Trump on Tuesday sued Univision Networks & Studios Inc. for $500 million in New York state court for dropping coverage of the Miss USA Pageant, which Trump partly owns, over incendiary remarks he made about Mexican immigrants.

  • 5th Circ. Gives BP Engineer New Trial Over Juror Misconduct

    A BP PLC engineer who was part of the company’s efforts to stop the Deepwater Horizon oil spill is entitled to a new trial because a juror overheard outside evidence in the case in a courtroom elevator, the Fifth Circuit ruled Tuesday.